$0.79 EPS Expected for Bank Ozk (NASDAQ:OZK) This Quarter

Analysts expect Bank Ozk (NASDAQ:OZK) to report $0.79 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bank Ozk’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.76. Bank Ozk posted earnings of $0.89 per share during the same quarter last year, which suggests a negative year over year growth rate of 11.2%. The firm is expected to report its next quarterly earnings results on Thursday, January 16th.

On average, analysts expect that Bank Ozk will report full-year earnings of $3.31 per share for the current year, with EPS estimates ranging from $3.29 to $3.38. For the next financial year, analysts anticipate that the firm will report earnings of $3.04 per share, with EPS estimates ranging from $2.91 to $3.22. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Bank Ozk.

Bank Ozk (NASDAQ:OZK) last released its earnings results on Thursday, October 17th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $245.23 million during the quarter, compared to the consensus estimate of $250.11 million. Bank Ozk had a net margin of 34.43% and a return on equity of 11.19%. During the same period in the prior year, the company earned $0.58 earnings per share.

Several equities analysts recently commented on the company. ValuEngine downgraded Bank Ozk from a “sell” rating to a “strong sell” rating in a research note on Monday, October 21st. Stephens set a $31.00 price objective on Bank Ozk and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley dropped their price objective on Bank Ozk from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Bank Ozk presently has an average rating of “Hold” and an average price target of $33.86.

Shares of OZK stock traded down $0.11 during trading on Tuesday, hitting $29.61. The company’s stock had a trading volume of 511,715 shares, compared to its average volume of 1,017,326. The company has a market cap of $3.83 billion, a PE ratio of 9.14, a P/E/G ratio of 0.75 and a beta of 1.88. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $28.09 and a 200-day moving average of $29.03. Bank Ozk has a 52 week low of $21.02 and a 52 week high of $34.34.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 11th were paid a $0.25 dividend. This is an increase from Bank Ozk’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.00 annualized dividend and a yield of 3.38%. Bank Ozk’s dividend payout ratio is presently 30.86%.

A number of institutional investors have recently bought and sold shares of the stock. Cardinal Capital Management lifted its position in shares of Bank Ozk by 2.1% during the third quarter. Cardinal Capital Management now owns 17,909 shares of the company’s stock worth $488,000 after acquiring an additional 370 shares in the last quarter. Berman Capital Advisors LLC lifted its position in shares of Bank Ozk by 53.8% during the second quarter. Berman Capital Advisors LLC now owns 1,223 shares of the company’s stock worth $36,000 after acquiring an additional 428 shares in the last quarter. Poehling Capital Management LLC lifted its position in shares of Bank Ozk by 0.8% during the second quarter. Poehling Capital Management LLC now owns 58,754 shares of the company’s stock worth $1,768,000 after acquiring an additional 444 shares in the last quarter. Greenleaf Trust lifted its position in shares of Bank Ozk by 4.1% during the second quarter. Greenleaf Trust now owns 12,278 shares of the company’s stock worth $369,000 after acquiring an additional 478 shares in the last quarter. Finally, GAM Holding AG lifted its position in shares of Bank Ozk by 4.4% during the second quarter. GAM Holding AG now owns 12,594 shares of the company’s stock worth $379,000 after acquiring an additional 536 shares in the last quarter. Institutional investors and hedge funds own 83.21% of the company’s stock.

About Bank Ozk

Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.

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Earnings History and Estimates for Bank Ozk (NASDAQ:OZK)

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